EpicQuest Education Announces Launch Of New Business Segment To Focus On Kinesiology And Recreation Education
Portfolio Pulse from Benzinga Newsdesk
EpicQuest Education Group International Limited (NASDAQ: EEIQ) has announced the creation of a new business segment focusing on international educational programs in kinesiology and recreation education. The company has established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio to manage this initiative. EEIQ aims to integrate these programs with its existing healthcare school offerings and anticipates that this expansion will provide new career opportunities for students and serve as a dynamic revenue stream. The academic programming is under development and is expected to be available starting with the Fall 2024 programs.
December 11, 2023 | 1:51 pm
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POSITIVE IMPACT
EEIQ's launch of a new business segment in kinesiology and recreation education represents a strategic expansion into a growing field of health and fitness, potentially creating a new revenue stream and synergies with its existing healthcare programs.
The announcement of a new business segment typically generates positive investor sentiment as it reflects growth and diversification of the company's offerings. Given the increasing global focus on health and fitness, EEIQ's move to offer kinesiology and recreation education programs is likely to be seen as a positive development. This could attract new students and partnerships, potentially leading to increased revenue. However, as the programs are set to start in 2024, the immediate financial impact may be limited.
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